Corporate Governance Report

Intended OutcomeEvery company is headed by a board, which assumes responsibility for the company’s leadership and is collectively responsible for meeting the objectives and goals of the company.

Practice 1.3The positions of Chairman and CEO are held by different individuals.

Application

Applied

Explanation on application of the practice

The Chairman of the Board is Dato’ Mohd Nor Bin Abdul Wahid, who is an Independent Non-Executive Director (“INED”) whereas the Managing Director (“MD”) is Mr Fang Chew Ham, who is a Non-Independent Executive Director of the Group.

The Company ensures the roles and responsibilities of the Chairman and the MD are made distinctly clear to enhance the balance of power and authority.

Explanation for departure

Large companies are required to complete the columns below. Non-large companies are encouraged to complete the columns below.

OTHERS
THREE-A RESOURCES BERHAD ("3A" OR THE "COMPANY") - PROPOSED RENEWAL OF AUTHORITY FOR SHARE BUY-BACK - PROPOSED RENEWAL OF SHAREHOLDERS MANDATE FOR THE COMPANY AND/OR ITS SUBSIDIARIES TO ENTER INTO RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
13 Apr 2018